Today's Gold and Silver Price in Nepal

आजको सुन चाँदी मूल्य

मिति : २०७८ / माघ / ०६

24 Carat Gold Price


1 Tola (रु.) :
( १ तोला )

92700 /-

10 Gram (रु.) :
( १0 ग्राम )

79475 /-

22 Carat Gold Price


1 Tola (रु.) :
( १ तोला )

92200 /-

10 Gram (रु.) :
( १0 ग्राम )

79045 /-

Silver Price


1 Tola (रु.) :
( १ तोला )

1285 /-

10 Gram (रु.) :
( १0 ग्राम )

1101.50 /-




History Of Gold


Gold is the name of a yellow metal that has been derived from the Old English word 'geolu' meaning yellow and has been valued since the inception of civilization. The ancient civilizations were mesmerized by the shining properties of this metal and used it extensively to make ornaments and jewelry. As society grew, gold was used as currency, and gold coins of various denominations were stamped, often bearing the image of the local rulers in different parts of the world. The value of gold continued to be appreciated in modern times; Gold has been used as a standard for global currencies or as a stockpiled commodity by governments. It remains used in the medical field and electronic devices.

Some more facts about gold are that the chemical symbol for Gold is Au, and au was derived from the Latin word for Gold, AUrum. It is a naturally occurring element with an atomic number of 79, and it is classified as a transitional metal in the Periodic Table. Among gold's unique physical and chemical properties is not rust. Scientifically speaking, the gold fact is that it is the only metal that does not form an oxide film on its surface when it comes in contact with air at room temperature, and thus it is not prone to rust or tarnishes.

Yellow is gold's natural and pure color, but gold alloys can be different. When gold is mixed with other metals, it can acquire a distinct tinge that depends on its combined metal. For example, if gold is mixed with varying amounts of copper and silver, it turns red, yellow, or green. If it is alloyed with nickel, zinc, and copper, it acquires a white color known as White Gold, or oroblanco, as coined by the colonial era Spaniards. The natural alloy of gold and silver is known as electrum, and the combination of gold and mercury is known as gold amalgam.


Facts About Gold


The primary reasons gold has been accorded a high value are its rarity, beauty, and many unique properties, which distinguish it from other metals.

Gold is considered a "noble" metal because it does not oxidize in normal conditions and is therefore free from the problem of rusting and tarnishing.

Gold is almost indestructible, which implies that it is immune to physical destruction of any kind and can be recycled and used as many times by the owner.

Gold is soluble in aqueous mixtures containing halogens and iodides and oxidizing combinations like aqua regia.

Gold is one of the best conductors of electricity. Because of that, the fact about gold is that it has many industrial uses. Gold is used where high conductivity and resistance to corrosion are needed, such as in mission-critical electronic circuits. Industrial applications are computer chip connectors and circuits of motor vehicles, satellites, and aircraft.

Gold is considered easy to work with because it is relatively soft compared to other metals. Hardness is desired, gold is mixed with other metals to form alloys. Gold is ductile and malleable, due to which it can be relatively quickly drawn into thin and long wires and can also be formed into sheets that are so thin that they allow the passage of light.

Since this metal ultimately reflects infrared rays, it is used widely for radiation reflection and is a good conductor of thermal energy.

People used mainly the Olympic Games, Gold to adorn the first place medal - whether for track stars, figure skaters, the top tennis player, or the winning Olympic hockey team. Likewise, the phrase "going for the gold" symbolizes making your best effort to come in the first place, or at least do well.

Gold coins were once considered the standard for legal tender. Although not used for coinage today, gold coins are still actively collected, and People can value rare coins above their gold content. For example, the 1933 Double Eagle is considered one of the rarest gold coins globally and was sold for $7.59 million at a Sotheby's auction in New York in 2002.

The purity of gold is measured by the unit' carat' in which the purest form of gold is designated as being 24 carats. So 100% pure gold is 24-carat gold, and alloys of gold have fewer than 24 carats. For example, 14-carat gold is about 58% gold and other materials. Historically speaking, the term carat is derived from the word 'carob' - i.e., from carob seeds, which historically were used for balancing scales in Oriental markets.


Gold is Essential Element


Gold is the 79th essential atomic element, meaning it's got 79 protons and 79 electrons. Its Periodic Symbol is Au. Gold is probably best known as one of the most valuable minerals. While it certainly isn't the MOST valuable, it's undoubtedly the most famous. Gold is associated with luxury and wealth and has a solid standing in mythology and popular culture. According to National Geographic, the amount of gold that has been mined in all of history equals about enough to fill two Olympic swimming pools, which in reality is an absurdly small amount. Gold is known for its shiny, glossy yellow-orange hue. Here's some more information about gold:

For a long time, gold was the basis for all currency put out by a country. The Gold Standard required governments to back up all of their paper money with actual gold. So in this way, the value of the money was attached to the value of gold. Richard Nixon took the United States off the Gold Standard in 1971. Since then, the United States Dollar has been the reserve currency that all other coins are based upon - though this does not necessarily make it the most valuable, it is considered one of the most stable.

Gold is popular on jewelry, coins, and whatnot, contributing to its value. Often, the gold put on something is not pure gold. The pureness of gold is measured in karats, with 24 k being pure gold.

In history, a joint event was a gold rush, in prospectors would get information about gold being in a specific place, and hundreds if not thousands of people flocked to that place with the prospect of making a fortune. California was settled before most other American western states almost entirely because of the Gold Rush that followed the discovery of gold at Sutter's Mill. The gold rushers were known as "49ers," because they came in 1849, and that is now the San Francisco football team's name.

Examples in Culture

-"Nothing Gold Can Stay" is a very well-known short poem by the renowned poet Robert Frost.

-The Midas Touch - The famous Greek Myth about King Midas, who loved gold so much he asked God to make everything he touched turn to gold. He feels his daughter turns to gold, and the lesson is learned. The Midas Touch now refers to anyone who can make money doing everything they do.

-Goldfinger is the third James Bond film and features the supervillain Auric Goldfinger, who is obsessed with gold and wants to rob Fort Knox. Auric is a play on "Au," the element's symbol. People considered this the seminal Bond film while Sean Connery was playing Bond.

-In Ayn Rand's novel Atlas Shrugged, the two leading Capitalist revolutionaries, John Galt and Francisco d'Anconia, both have obsessions with gold that border on creepy fetish. Rand was a big fan of the Gold Standard.

-Goldschlager is a type of cinnamon schnapps with gold leaf flakes floating. Some people would be concerned about the possibility of imbibing gold into your system, but in reality, it's harmless, whereas the heinous cinnamon schnapps is probably dissolving your insides.

-The Olympic Gold Medal is awarded to the competitor that wins first place in their event.


Gold Investing


Gold Investing is not for casual investors, and this article will tell you something you rarely find on gold-focused investment websites. The fact is that investing in gold is very risky – and gold prices frequently go down, not just up.

Those are the facts about gold investing; gold salespeople may want to keep it secret, but here at Facts About Gold, we're all about the ups, as well as the downs, when it comes to gold investments, buying gold, and collecting gold coins.

Be an educated gold investor, read this article, others on this site, and others that you may find referenced or from sponsors here - although we have not checked the accuracy or safety of any outside areas, always proceed at your own risk. Still, you may find valuable or interesting information!

A bank savings account or money market fund is a superior and safer investment for the casual investor than gold. The critical first fact or first rule of gold investing is always to remember the price of gold in a gold investment quickly can go down, just as it can go up. Indeed, when gold prices are high, that frequently is the time NOT to invest in gold since that is when the value of the gold investment can go down, as the price of gold just as quickly can go back down. Buy low and sell high.

So, Rule 1 of gold investing is always to remember the price of gold can go and certainly does go down. Why invest in gold, then? Well, gold historically has been a good hedge against inflation. But that does not necessarily make gold investing suitable for most investors as an investment. Historical data shows that investing in a stock market index fund, a money market fund, or even a bank savings account provides higher average returns than investing in gold.

Regarding gold investing as a hedge against inflation: Historically speaking, people in politically unstable regions have invested in, bought, and saved gold because of its intrinsic value. The legends of people in India, China, and Dubai stuffing their mattresses with gold are well placed! Indeed, the enormous private demand for gold comes from India. This is long-term investing in gold, not short-term gold investing. Gold maintains its value even when currency declines due to inflation or political instability.

This is because gold carries real intrinsic value, so as a currency or the dollar fluctuates, the actual price of gold stays the same over the long term. For example, in gold investing, if the inflation rate is 10%, then that means the dollar's value is going down 10%. The actual price of a gold investment stays the same, but since the dollar has gone down 10% due to inflation, the value of gold goes up 10% in terms of gold price in dollars per ounce, theoretically.

Of course, remember Rule 1, how to invest in gold – the price of a gold investment can go down as well as up. The cost of gold will not go up straight 10%. It may go up 20% in the short term, or if there is a speculative bubble, maybe even more - like 50% or 100% or more. But then, when the bubble bursts as it always does, gold will settle down to its actual value, which would be up 10%. Even worse, the price of gold could overshoot and go even lower than the intrinsic value – and it could stay low for years.

You may be wondering why in a gold investing article, we are focusing on the potential to lose money investing in gold. This is because a gold investor needs to understand risks before making a gold investment by investing in gold, and such facts are not often hit upon by people selling the commodity.


How To Invest In Gold


Gold Futures: One technique of gold investing in gold futures, i.e., gold commodity trading. This is done on commodity markets, typically by professional gold speculators and professional gold investors. This form of investing in gold is discussed in greater detail on the Gold Futures page.

Gold Stocks: Another technique of gold investing is to invest in gold stocks or gold mining stocks. This is the most accessible and most understandable way for many investors to invest in gold – by investing in stocks traded on respected stock exchanges, such as the New York Stock Exchange (NYSE), NASDAQ, London Stock Exchange, or the Toronto Stock Stock Exchange. It is best to avoid penny stocks or other smaller stock exchanges, as many unscrupulous speculators have been known to try to sell such stocks, usually yielding losses for investors.

Also, the use of smaller or unknown stockbrokers should be avoided when investing in gold stocks. It is best to use one of the major stock brokers for such investments. Even safer is to support via one of the significant gold-stock mutual funds. That way, a professional manager is managing the gold stock investments. As the price of gold goes up, typically, the price of a gold mining stock goes up. So an investment in gold mining stocks provides an investment value well correlated to the cost of gold. This form of investing in gold is discussed in greater detail on the Gold Stocks page.

Gold Bars: A different technique of gold investing is to buy gold bars or gold bullion. There are many sources of gold bullion available. In the Gold Store, you can find gold bars purchasable through Amazon. Always remember that investing in gold via gold bars or gold bullion means you are paying a retail mark-up, so the value of the gold bought is lower than the price paid because of the retail profit. It would be best if you were also careful to verify the source's reliability independently. That said, many people still like gold bars or gold bullion because of their beauty and intrinsic values. This form of investing in gold is discussed in greater detail on the Gold Bars page.

Gold Coins: Another technique of gold investing is to buy gold coins. Gold coins are beautiful and may have some value over the intrinsic value of the gold they contain because coins hold value due to rarity sometimes. Many sources of gold coins are available, including our Amazon Gold Store and local coin shops and coin dealers. Always remember that investing in gold via gold coins means you are paying a retail mark-up, so the value of the gold bought could be lower than the price paid because of the retail profit. In investing in gold coins, you also need to be careful to verify the source's reliability independently. That said, many people still like to invest in gold coins because of their beauty, intrinsic values, and potential for appreciation. This form of gold investing is discussed in greater detail on the Gold Coins page.

Gold Jewelry: Investing in gold jewelry also is an option. Of course, there are many reasons to buy gold jewelry beyond gold investing, such as gold gifts. It is wisest to focus on those reasons, not the value of the gold. This is because, with gold jewelry, the price paid reflects the intrinsic gold value and the artistry, artistry, sentimental value, and a retail mark-up. However, at least a portion of the matter is the raw value of the gold contained in the jewelry piece. In buying gold jewelry, you also need to be careful to verify the source's reliability.


Who is Mining the Gold


China

In 2007, China increased its gold production enough to surpass South Africa and become the leading country for gold manufacturing. Mining is centered in the eastern provinces, including Shandong, Henan, Fujian, and Liaoning. Guizhou and Yunnan yield high quantities of precious metals in the western region. Currently, China is expanding its gold search with mines in the southwest and central areas of the country.

South Africa

Before China became the gold leader, the honor belonged to South Africa, as it had for over one hundred years. The primary mine is on the Archaean Witwatersrand Basin, one of the original areas mined. Unfortunately, the production numbers in South Africa continue to decline.

Australia

Australia is another country rich in gold. Although we can find it all over, Western Australia produces the most significant quantities of this precious metal, and New South Wales and Queensland follow behind West Australia in manufacturing. New mining areas are constantly discovered in Australia, and exploration continues every day for more opportunities.

The United States

The U.S. has several mines rich in gold as well. Nevada, Alaska, Utah, and Colorado are among the top-producing states. While California, New Mexico, Arizona, Idaho, Montana, South Dakota, and Washington are all being explored or researched for prospective mines. Mining has a deep-rooted history in the U.S. Let us not forget the 1848 California Gold Rush that changed the face of the American West and was a platform for gold mining to take off on several other continents.

Peru

Peru boasts one of the biggest and most profitable mines globally, the Yanacocha mine in the Andes. This area spans the length of the entire country of Peru and is also home to a few other high-volume mines. Gold is a natural element, and thus there is a limit to the amount that can be mined. Fortunately, extraction techniques continue to improve, but that will only go so far. According to the USGS, it is believed that there are only 49,000 tons of gold left to be mined. If we are mining at a rate of approximately 2,000 tonnes per year, and our demand is ever-growing, then we may not have much longer until our supply runs dry.